WGL Holdings Inc (NYSE:WGL) – Investment analysts at Seaport Global Securities issued their Q1 2018 earnings estimates for WGL in a research report issued to clients and investors on Tuesday, Zacks Investment Research reports. Seaport Global Securities analyst M. Levin expects that the utilities provider will earn $1.25 per share for the quarter. Seaport Global Securities also issued estimates for WGL’s Q2 2018 earnings at $2.02 EPS and Q3 2018 earnings at $0.34 EPS.
Several other research firms have also recently weighed in on WGL. Zacks Investment Research raised WGL from a “sell” rating to a “hold” rating in a research report on Tuesday, October 24th. Hilliard Lyons raised WGL from an “underperform” rating to a “neutral” rating in a research report on Tuesday, August 29th. Finally, BidaskClub cut WGL from a “hold” rating to a “sell” rating in a research report on Saturday, August 19th.
WGL (NYSE WGL) opened at $85.86 on Wednesday. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.66 and a quick ratio of 0.48. WGL has a 1 year low of $73.53 and a 1 year high of $86.89. The firm has a market capitalization of $4,390.64, a price-to-earnings ratio of 26.72, a price-to-earnings-growth ratio of 3.97 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be paid a dividend of $0.51 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.38%. WGL’s payout ratio is 40.37%.
Several large investors have recently added to or reduced their stakes in WGL. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in WGL by 7.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,756 shares of the utilities provider’s stock worth $147,000 after acquiring an additional 128 shares during the last quarter. Greenwood Capital Associates LLC bought a new position in WGL in the 2nd quarter worth about $203,000. World Asset Management Inc increased its stake in WGL by 2.4% in the 2nd quarter. World Asset Management Inc now owns 3,239 shares of the utilities provider’s stock worth $270,000 after acquiring an additional 77 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in WGL in the 3rd quarter worth about $312,000. Finally, Heritage Investors Management Corp increased its stake in WGL by 41.4% in the 3rd quarter. Heritage Investors Management Corp now owns 3,799 shares of the utilities provider’s stock worth $320,000 after acquiring an additional 1,112 shares during the last quarter. Institutional investors own 71.47% of the company’s stock.
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WGL Company Profile
WGL Holdings, Inc (WGL) is a holding company. The Company operates through four segments. The Regulated Utility segment consists of Washington Gas Light Company, which provides regulated gas distribution services to end use customers and natural gas transportation services to an unaffiliated natural gas distribution company and Hampshire Gas Company, which provides regulated interstate natural gas storage services.
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